Debt Negotiation Lawyers States Service Creates Win-Win Solution

Feb. 15, 2010 - PRLog -- According to Debt Negotiation Lawyers their new service creates a win-win solution for both parties.

“Our Credit Card Debt Settlement program creates a win-win situation for both sides in the sense that the borrower is able to make regular payments on a smaller debt, and the credit card companies are satisfied to be receiving payments,” states David Gerlt Partner at the Law Offices of Edwards & Gerlt.

Edwards & Gerlt, based in Southern California, are skilled at working with those that are having temporary financial difficulties. By negotiating a Credit Card Debt Settlement or a California Loan Modification, Edwards & Gerlt are able to reduce monthly expenses to a more affordable amount.

“Settling unsecured debt can be combined with a California home loan modification to create an overall financial situation that the homeowner can manage.”

Unsecured credit consists of credit cards, retail store cards and medical bills.

“Times are tough right now. Many of our clients have lost their jobs or have had a reduction in their income. But bills, such as credit card payments, are not reduced and just keep coming every month. The new program allows us to negotiate and lower credit card bills.”


“When things are tight, people have to prioritize how they pay their bills. Generally the mortgage and the car are the first to get paid, leaving any excess funds for other bills.”

“If regular monthly payments are not made on this unsecured debt, then increased interest rates and late fees are imposed by the banks which can quickly inflate the total balance owed. As a result, many get so far behind they even stop making partial payments on that debt.”

“But these debts cannot be ignored forever, and eventually the banks or their collection agencies will file suit, which may eventually result in property liens or even wage garnishment.”


Credit Card companies are frequently motivated to settle for a debt reduction if the debtor can show financial hardship. Also, creditors know that if the borrower is under financial hardship and chooses to file bankruptcy, unsecured creditors would very likely receive pennies on the dollar or even nothing.

If the borrower is able to settle with the creditors and make payments towards the settlement amount, the debtor reduces the outstanding balance and avoids the long and drawn out process and credit damage from filing bankruptcy or having judgments against them.  

“With our Credit Card Debt Settlement program we will negotiate with the unsecured creditors on behalf of the borrower to reduce their outstanding debt and often extend their payments over 6 to 36 months,” concludes Gerlt.

This article is informational and not intended as legal advice. For more information about a Credit Card Debt Settlement program or a California Home Loan, please call Edwards & Gerlt for a FREE consultation at 877-701-6637 or go http://www.aboutcalifornialoanmodification.com/Credit_Deb...

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Edwards & Gerlt, based in Southern California, are skilled at working with those that are having temporary financial difficulties. By negotiating a Credit Card Debt Settlement or a California Loan Modification, Edwards & Gerlt are able to reduce monthly expenses to a more affordable amount